HighTower Advisors LLC Takes $1.48 Million Position in Amentum Holdings, Inc. (NYSE:AMTM)

HighTower Advisors LLC purchased a new position in shares of Amentum Holdings, Inc. (NYSE:AMTM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,903 shares of the company’s stock, valued at approximately $1,481,000.

Several other large investors have also bought and sold shares of AMTM. Arrow Financial Corp bought a new stake in shares of Amentum during the 3rd quarter valued at $26,000. US Bancorp DE bought a new stake in Amentum in the third quarter valued at about $30,000. Signaturefd LLC acquired a new position in Amentum in the third quarter valued at about $33,000. HM Payson & Co. bought a new position in Amentum during the third quarter worth about $38,000. Finally, Studio Investment Management LLC acquired a new position in shares of Amentum during the 3rd quarter worth about $42,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Down 2.4 %

NYSE AMTM opened at $23.05 on Monday. Amentum Holdings, Inc. has a one year low of $21.24 and a one year high of $34.50. The stock’s 50-day simple moving average is $27.07.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMTM shares. Truist Financial initiated coverage on shares of Amentum in a research note on Monday, October 14th. They set a “buy” rating and a $31.00 price objective on the stock. Raymond James began coverage on shares of Amentum in a research report on Thursday, November 21st. They set an “outperform” rating and a $30.00 price target on the stock.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.